https://www.taxtmi.com/caselaws?id=70301 ITAT (Madras) allowed the taxpayer's appeals for statistical purposes and remitted three issues to the AO for fresh examination. The tribunal held dividend-related expenditures incurred during business warranted verification of prior s.57(i) deductions and pro rata adjustment based on subsequent investments. Guest-house expenses were restored for AO scrutiny to determine if incurred wholly for business. Interest disallowance was set aside pending AO inquiry into whether borrowed funds financed the share investments; contemporaneous documents submitted to the tribunal were admitted and remitted for consideration. en-us Wed, 20 Oct 2004 00:00:00 +0530 Tue, 23 Sep 2025 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70301 ITAT (Madras) allowed the taxpayer's appeals for statistical purposes and remitted three issues to the AO for fresh examination. The tribunal held dividend-related expenditures incurred during business warranted verification of prior s.57(i) deductions and pro rata adjustment based on subsequent investments. Guest-house expenses were restored for AO scrutiny to determine if incurred wholly for business. Interest disallowance was set aside pending AO inquiry into whether borrowed funds financed the share investments; contemporaneous documents submitted to the tribunal were admitted and remitted for consideration. Case-Laws Income Tax Wed, 20 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70301